VEEVA SYSTEMS INC — Director's Dealing 2021

Apr 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VEEVA SYSTEMS INC (VEEV)
CIK: 0001393052
Period of Report: 2021-04-01

Reporting Person: Lequient Frederic (SVP Global Customer Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-01	Class A Common Stock	M	300	$0.00	Acquired	862	Direct
2021-04-01	Class A Common Stock	M	340	$0.00	Acquired	1202	Direct
2021-04-05	Class A Common Stock	S	150	$265.98	Disposed	1052	Direct
2021-04-05	Class A Common Stock	S	170	$265.98	Disposed	882	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-01	Restricted Stock Units	$	M	300	Disposed		Class A Common Stock (300)	Direct
2021-04-01	Restricted Stock Units	$	M	340	Disposed		Class A Common Stock (340)	Direct

Footnotes

F1: Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.

F2: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer.

F3: The sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person and were made to cover taxes associated with restricted stock vesting on April 1, 2021.

F4: On April 14, 2020, the Reporting Person was granted 1,200 RSUs under the Issuer's 2013 Equity Incentive Plan, of which 25% of the RSUs vested on July 1, 2020, with 25% of the remaining RSUs vesting for each quarter of continuous service to the Issuer by the Reporting Person after July 1, 2020.

F5: On April 14, 2020, the Reporting Person was granted 340 RSUs under the Issuer's 2013 Equity Incentive Plan, with 100% of the RSUs vesting on April 1, 2021, subject to continued service to the Issuer by the Reporting Person.